close links
Definitions over time (1)
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07/12/2009 – 04/01/2011 Article 2, Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Scope: Whole act
1. For the purposes of this Directive the following definitions apply:
‘close links’ means a situation in which two or more natural or legal persons are linked by either:(i)‘participation’, which means the ownership, direct or by way of control, of 20 % or more of the voting rights or capital of an undertaking; or(ii)‘control’, which means the relationship between a ‘parent undertaking’ and a ‘subsidiary’, as defined in Articles 1 and 2 of Seventh Council Directive 83/349/EEC of 13 June 1983 based on the Article 54(3)(g) of the Treaty on consolidated accounts(10)and in all the cases referred to in Article 1(1) and (2) of Directive 83/349/EEC, or a similar relationship between any natural or legal person and an undertaking;
Other definitions of this term in this act (1)
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Earlier definition records in this act (1)
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- Article 2(1)(i) Historical · definitions end 07/01/2020
Used in (0 places in 0 provisions on 12/11/2026)
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